Thursday, September 25, 2008

If you're forced to have a governmental bailout, it would appear that you could do a heck of a lot worse than follow the example of Sweden. Money quote:
Putting taxpayers on the hook without anything in return could be a mistake, said Urban Backstrom, a senior Swedish finance ministry official at the time. "The public will not support a plan if you leave the former shareholders with anything," he said.
Let's see if that will be true in this country.

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